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Walgreens Suspends Dividend, Closes 1,200 Stores to Save $650M

1/31/2025

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Summary

Story summary

Walgreens Boots Alliance is suspending its quarterly dividend to enhance cash flow and stabilize finances.
The company plans to save around $650 million in fiscal 2025 while closing over 1,200 stores.
This move follows a nearly 50% dividend reduction last year and coincides with ongoing buyout discussions.

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Story summary

Walgreens Boots Alliance is suspending its quarterly dividend to enhance cash flow and stabilize finances.
The company plans to save around $650 million in fiscal 2025 while closing over 1,200 stores.
This move follows a nearly 50% dividend reduction last year and coincides with ongoing buyout discussions.